Adobe (ADBE) EV to FCF (2009 - 2026)
Adobe's (ADBE) EV to FCF was 10.23 for fiscal Q3 2026 (quarter ended Aug 28, 2026), down 31.8% from 14.99 a year earlier but up 7.5% from the prior quarter.
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Analysis
Adobe (ADBE) EV to FCF (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 28, 2026, Adobe's EV to FCF came in at 8.42, down 34.2% year-over-year; for FY2025 (ended Nov 28, 2025), it came in at 12.75, down 54.3% from FY2024.
- By fiscal year, EV to FCF came in at 27.90 in FY2024 (-28.5%), 39.01 in FY2023 (+90.2%), 20.51 in FY2022 (-50.8%) and 41.71 in FY2021 (-0.5%).
- Five-year quarterly EV to FCF spans a low of 9.51 in fiscal Q2 2026 and a high of 41.71 in fiscal Q4 2021.
- Year over year, EV to FCF has now declined in each of the last eight quarters, with an average decline of 45.3% over the last eight quarters.
- The high point for year-over-year EV to FCF in five years was fiscal Q4 2023 (growth of 90.2%); the low point was fiscal Q3 2025 (a decline of 60.4%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 9.51 (Q2 2026), 9.66 (Q1 2026) and 12.75 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 97.16 Bn | 72.41 Bn | 6.00 Bn |
| 2 | Autodesk | 56.45 Bn | 44.48 Bn | 1.87 Bn |
| 3 | Atlassian | 49.40 Bn | 42.68 Bn | 1.53 Bn |
| 4 | Twilio | 33.00 Bn | 22.64 Bn | 760.53 Mn |
| 5 | Zoom Communications | 26.85 Bn | -3.88 Bn | 985.50 Mn |
| 6 | Figma | 11.88 Bn | 5.20 Bn | 314.44 Mn |
| 7 | Dropbox | 7.93 Bn | 3.57 Bn | 506.50 Mn |
| 8 | RingCentral | 6.58 Bn | 6.11 Bn | 494.30 Mn |
| 9 | Open Text | 6.44 Bn | 1.87 Bn | 1.01 Bn |
| 10 | Box | 6.04 Bn | 3.91 Bn | 253.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 10.23 |
| May 29, 2026 | 9.51 |
| Feb 27, 2026 | 9.66 |
| Nov 28, 2025 | 12.75 |
| Aug 29, 2025 | 14.99 |
| May 30, 2025 | 18.18 |
| Feb 28, 2025 | 19.95 |
| Nov 29, 2024 | 27.90 |
| Aug 30, 2024 | 37.88 |
| May 31, 2024 | 30.09 |
| Mar 1, 2024 | 38.82 |
| Dec 1, 2023 | 39.01 |
| Sep 1, 2023 | 32.69 |
| Jun 2, 2023 | 25.92 |
| Mar 3, 2023 | 20.80 |
| Dec 2, 2022 | 20.51 |
| Sep 2, 2022 | 23.31 |
| Jun 3, 2022 | 28.74 |
| Mar 4, 2022 | 30.52 |
| Dec 3, 2021 | 41.71 |
API Access
Adobe EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();